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Assume a company provided the following balance sheet: Current assets: Cash $ 60,000 Accounts receivable 50,000 Current liabilities: Accounts payable, Accrued liabilities Inventory 150,000 Total
Assume a company provided the following balance sheet: Current assets: Cash $ 60,000 Accounts receivable 50,000 Current liabilities: Accounts payable, Accrued liabilities Inventory 150,000 Total current liabilities Total current assets 260,000 Bonds payable Property, plant & equipment, net 380,000 Total assets The debt-to-equity ratio is closest to: Multiple Choice Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity $640,000 Total liabilities and stock 0900 00 200 000 000 Current liabilities: Accounts payable Accrued liabilities Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock $ 90,000 40,000 130,000 110,000 240,000 170,000 Retained earnings 230,000 Total stockholders' equity 400,000 ,000 Total liabilities and stockholders' equity $640,000 The debt-to-equity ratio is closest to: Multiple Choice O O 0.60. 0.33. O 1.41. 0.76
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